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Practice Questions : 12, 19, 26 33 40 ,47 ,….

Recycling of paper is a good practice but recycled paper should not be used as food packaging because

NEET 2018/Previous Year Question Series/Solution/Practice Question Paper

Enter the following Transactions in the Journal of Mudit : 2017 Jan.01 Commenced business with cash 1,75,000 Jan.01 Building 1,00,000 Jan.02 Goods purchased for cash 75,000 Jan.03 Sold goods to Ramesh 30,000 Jan.04 Paid wages 500 Jan.06 Sold goods for cash 10,000 Jan.10 Paid for trade expenses 700 Jan.12 Cash received from Ramesh 29,500 Discount allowed 500 Jan.14 Goods purchased for Sudhir 27,000 Jan.18 Cartage paid 1,000 Jan.20 Drew cash for personal use 5,000 Jan.22 Goods use for house hold 2,000 Jan.25 Cash paid to Sudhir 26,700 Discount allowed 300

Journalise the following transactions is the journal of M/s Goel Brothers and post them to the ledger. Jan. 01 Started business with cash 1,65,000 Jan. 02 Opened bank account in PNB 80,000 Jan. 04 Goods purchased from Tara 22,000 Jan. 05 Goods purchased for cash 30,000 Jan. 08 Goods sold to Naman 12,000 Jan. 10 Cash paid to Tara 22,000 Jan.15 Cash received from Naman 11700 Discount allowed 300 Jan. 16 Paid wages 200 Jan. 18 Furniture purchased for office use 5,000 Jan. 20 withdrawn from bank for personal use 4,000 Jan. 22 Issued cheque for rent 3,000 Jan. 23 goods issued for house hold purpose 2,000 Jan. 24 drawn cash from bank for office use 6,000 Jan. 26 Commission received 1,000 Jan. 27 Bank charges 200 Jan. 28 Cheque given for insurance premium 3,000 Jan. 29 Paid salary 7,000 Jan. 30 Cash sales 10,000